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Mahindra Rural Housing Finance Cluster Manager salaries in India

Annual salary range
6 - 13 years exp.
₹3.4 Lakhs - ₹11 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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24% less than the average Cluster Manager Salary in NBFC Companies for 6 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Cluster Manager Salary
11 - 13 years exp. (3 salaries)
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₹5.5 L/yr - ₹11 L/yr

Finance & Accounting
Cluster Manager Salary
6 - 7 years exp. (AmbitionBox Estimate)
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₹3.4 L/yr - ₹5.7 L/yr

Sales & Business Development
Cluster Manager Salary
6 years exp. (AmbitionBox Estimate)
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₹3.6 L/yr - ₹4.4 L/yr

Last Updated: 17 Aug 2024

Companies similar to Mahindra Rural Housing Finance for Cluster Manager

Company name Avg Annual Salary Open Jobs
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Bajaj Finance Cluster Manager Salary

5 - 14 years exp. (257 salaries)

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₹8.2 L/yr - ₹29.5 L/yr

arrow icon 181% more
108 job openings
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HDB Financial Services Cluster Manager Salary

12 - 23 years exp. (233 salaries)

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₹9.5 L/yr - ₹26 L/yr

arrow icon 156% more
9 job openings
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Muthoot Finance Cluster Manager Salary

8 - 20 years exp. (142 salaries)

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₹4.1 L/yr - ₹11 L/yr

arrow icon 1% less
4 job openings
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₹3.2 L/yr - ₹7.2 L/yr

arrow icon 24% less
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SMFG India Credit Cluster Manager Salary

7 - 19 years exp. (75 salaries)

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₹5 L/yr - ₹21 L/yr

arrow icon 69% more
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₹5.3 L/yr - ₹8.4 L/yr

arrow icon 4% less
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₹8.4 L/yr - ₹21 L/yr

arrow icon 103% more
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Mahindra Finance Cluster Manager Salary

8 - 19 years exp. (34 salaries)

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₹6.5 L/yr - ₹16 L/yr

arrow icon 48% more
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Tata Capital Cluster Manager Salary

6 - 16 years exp. (22 salaries)

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₹6.5 L/yr - ₹15.5 L/yr

arrow icon 75% more
3 job openings
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Home Credit Finance Cluster Manager Salary

6 - 16 years exp. (20 salaries)

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₹4.1 L/yr - ₹9 L/yr

arrow icon 14% less
2 job openings
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Kotak Mahindra Prime Cluster Manager Salary

7 - 17 years exp. (19 salaries)

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₹6.5 L/yr - ₹11.5 L/yr

arrow icon 43% more
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IIFL Finance Cluster Manager Salary

3 - 15 years exp. (17 salaries)

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₹3.7 L/yr - ₹7.5 L/yr

arrow icon 13% less
1 job opening
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SK Finance Limited Cluster Manager Salary

9 - 15 years exp. (13 salaries)

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₹5.8 L/yr - ₹15 L/yr

arrow icon 51% more
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Muthoot Fincorp Cluster Manager Salary

10 - 14 years exp. (10 salaries)

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₹5.2 L/yr - ₹10.5 L/yr

arrow icon 5% less
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L&T Finance Cluster Manager Salary

3 - 12 years exp. (8 salaries)

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₹4.2 L/yr - ₹8.1 L/yr

arrow icon 9% less
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Poonawalla Fincorp Cluster Manager Salary

9 - 16 years exp. (7 salaries)

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₹12 L/yr - ₹21.5 L/yr

arrow icon 120% more
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Asirvad Microfinance Cluster Manager Salary

12 - 17 years exp. (6 salaries)

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₹7 L/yr - ₹10 L/yr

arrow icon 32% more
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Aavas Financiers Cluster Manager Salary

11 - 15 years exp. (5 salaries)

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₹7.7 L/yr - ₹15.5 L/yr

arrow icon 61% more
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CreditAccess Grameen Cluster Manager Salary

7 - 17 years exp. (6 salaries)

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₹2.2 L/yr - ₹4.3 L/yr

arrow icon 51% less
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Capital Trust Cluster Manager Salary

6 - 13 years exp. (4 salaries)

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₹5.2 L/yr - ₹9 L/yr

arrow icon 8% less
View all
Cluster Manager salary at Mahindra Rural Housing Finance ranges between ₹3.4 Lakhs to ₹11 Lakhs per year for employees with experience between 6 years to 13 years. Salary estimates are based on 6 latest salaries received from various employees of Mahindra Rural Housing Finance.

Latest annual salaries shared by Mahindra Rural Housing Finance Cluster Manager

4mo ago
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7 years exp.
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13 years exp.
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6 years exp.
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12 years exp.
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6 years exp.
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11 years exp.

Experience wise Mahindra Rural Housing Finance Cluster Manager salaries

Last Updated: 17 Aug 2024

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹3.4 L/yr - ₹4 L/yr
7 years (AmbitionBox Estimate)

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₹1.8 L/yr - ₹5.7 L/yr
8 years (AmbitionBox Estimate)

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₹5 L/yr - ₹6.4 L/yr
9 years (AmbitionBox Estimate)

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₹5.8 L/yr - ₹7.5 L/yr
10 years (AmbitionBox Estimate)

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₹6.7 L/yr - ₹8.6 L/yr
View all

Similar Designation salaries in Mahindra Rural Housing Finance

Cluster Head Salary
(3 salaries)
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₹9.2 L/yr - ₹14 L/yr
Area Manager Salary
(10 salaries)
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₹9.25 L/yr - ₹14 L/yr
Deputy Manager Salary
(89 salaries)
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₹3.2 L/yr - ₹10.75 L/yr
Business Manager Salary
(AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.9 L/yr
Sales Manager Salary
(19 salaries)
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₹1.5 L/yr - ₹6 L/yr
Branch Manager Salary
(364 salaries)
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₹1.85 L/yr - ₹8 L/yr
Territory Manager Salary
(185 salaries)
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₹4.5 L/yr - ₹13.1 L/yr
Area Sales Manager Salary
(AmbitionBox Estimate)
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₹9.4 L/yr - ₹12 L/yr
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₹2.6 L/yr - ₹4 L/yr
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₹8.85 L/yr - ₹21 L/yr

Salary related reviews for Mahindra Rural Housing Finance

4.0

Rated by 7 employees for salary & benefits

Full Time

 · 

Customer Success, Service & Operations Department

3.0
  •  posted on 15 Dec 2024

3.0
 for  Salary and Benefits

Likes

...ed us and made us resign and then did not even give us relief, we felt very bad. Despite the salary being very low (21500), we worked honestly for 8 years in Mahindra company. A staff in another company earns this much salary

read more
  • Skill development - Good

Dislikes

The company to which the employee gave 8 years of his life, harassed the employee and made him resign from the job, after which I was asked for early relieving, then even after I mailed for early relieving, I was not given early relieving,If I want, I can seek relief through court case because I have the recording which was spoken by the company's HR and Deepak sir (Business Head).

read more
  • Job security - Poor

Full Time

 · 

Sales & Business Development Department

4.0
  •  posted on 03 Oct 2024

3.0
 for  Salary and Benefits

Likes

I like company culture environment co operative senior..

  • Skill development - Good
  • +5 more

Dislikes

I dislike company salary structure compare for new joining against old employee who was complete his above 5 years in company but company not provide as per role benefits.

read more

Full Time

 · 

Marketing & Communication Department

1.0
  •  posted on 21 Jan 2024

1.0
 for  Salary and Benefits

Likes

I don't like the Mahindra Rural Housing Finance (MRHFL) Reason: I started January 8 this month's salary not credit in my account and February month salary just 6500 rupees worst behaviour HR department. I not relieved the company but company abscond my name, I facing big problem in my life intercaste marriage this the reason abscond my name, I called to HR department in my relieving letter HR is not giving my relieving letter, so many problems in this company🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬

read more

Dislikes

Worst experience in this company

  • Salary - Bad
  • +6 more

Full Time

 · 

Sales & Business Development Department

3.0
  •  posted on 18 Apr 2023

4.0
 for  Salary and Benefits

Likes

Salary on time

  • Salary - Good
  • +2 more

Dislikes

No salary growth after internal promotion. Working on Sunday Late night Working Very poor incentive policy All work manually Poor infrastructure Lazy HR Casual approach company Risk on field to executive on collection time Poor legal

read more
  • Skill development - Bad
  • +1 more

Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 17 Oct 2022

2.0
 for  Salary and Benefits

Likes

1.In this company provide loans for rural people and transforming rural areas in that reason educate to rural people 2.For giving best career to every one 3.Freshers can do and mingle with this company easily

read more
  • Job security - Excellent
  • +1 more

Dislikes

Salary Hich is very bad

  • Salary - Poor
see more salary related reviews

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Mahindra Rural Housing Finance Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Mahindra Rural Housing Finance ?
The average salary of a Cluster Manager at Mahindra Rural Housing Finance in India typically ranges from ₹3.4 Lakhs to ₹11.0 Lakhs per year, depending on experience (from 6 years to 13 years).

The top 10% of Cluster Manager at Mahindra Rural Housing Finance earn more than ₹11.0 Lakhs per year, and the top 1% earn over ₹11.0 Lakhs per year. Cluster Manager Salaries at Mahindra Rural Housing Finance can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 6 Mahindra Rural Housing Finance employees in India.
What is the estimated take home salary of a Cluster Manager at Mahindra Rural Housing Finance in India?
The estimated take-home salary of a Cluster Manager at Mahindra Rural Housing Finance in India typically ranges from ₹52,332 to ₹53,632 per month. This is based on the average salary range of ₹3.4 Lakhs to ₹11.0 Lakhs per year for employees with experience ranging from 6 years to 13 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 6 salaries received from various employees of Mahindra Rural Housing Finance. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Mahindra Rural Housing Finance for Cluster Manager in India?
Bajaj Finance ₹8.2 Lakhs to ₹29.5 Lakhs per year
HDB Financial Services ₹9.5 Lakhs to ₹26.0 Lakhs per year
Poonawalla Fincorp ₹12.0 Lakhs to ₹21.5 Lakhs per year
Piramal Capital Housing Finance ₹8.4 Lakhs to ₹21.0 Lakhs per year
Tata Capital ₹6.5 Lakhs to ₹15.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Mahindra Rural Housing Finance, depending on the role and experience level.
What is the salary of a Cluster Manager in companies similar to Mahindra Rural Housing Finance in India?
The salary of a Cluster Manager at companies similar to Mahindra Rural Housing Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

SMFG India Credit ₹5.0 Lakhs to ₹21.0 Lakhs per year
Aavas Financiers ₹7.7 Lakhs to ₹15.5 Lakhs per year
SK Finance Limited ₹5.8 Lakhs to ₹15.0 Lakhs per year
Mahindra Finance ₹6.5 Lakhs to ₹16.0 Lakhs per year
Kotak Mahindra Prime ₹6.5 Lakhs to ₹11.5 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Cluster Manager at Mahindra Rural Housing Finance in India?
The salary growth for a Cluster Manager at Mahindra Rural Housing Finance depends on factors such as experience, performance, and promotions. On average, a Cluster Manager can expect the following growth trajectory at Mahindra Rural Housing Finance:

Experience Average Salary Range
6 years ₹3.4 Lakhs to ₹4.0 Lakhs per year
7 years ₹1.8 Lakhs to ₹5.7 Lakhs per year
8 years ₹5.0 Lakhs to ₹6.4 Lakhs per year
9 years ₹5.8 Lakhs to ₹7.5 Lakhs per year
and so on.

Tell us how to improve this page.

Mahindra Rural Housing Finance Cluster Manager salary in India ranges between ₹3.4 Lakhs to ₹11 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 Mahindra Rural Housing Finance latest salaries received from various employees of Mahindra Rural Housing Finance.